Remitly Sets Ambitious Financial Goals

Remitly, an online money transfer platform, shared ambitious financial targets, projecting revenues between $2.6 billion and $3 billion by 2028 and adjusted earnings of $575 million to $600 million in the same period. The company aims to balance growth with profitability, introducing new financial services and expanding into high-growth markets. While the stock initially jumped over four percent, it ended the day up just under four percent, reflecting a positive but not transformative market response.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.